This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Merrex Gold identifies second substructure at Siribaya 2009-11-24 08:30 ET - News Release Mr. Gregory Isenor reports
MERREX AIRBORNE SURVEY IDENTIFIES SECOND MAJOR SUB-STRUCTURE (1A) WITHIN
SIRIBAYA MEGA-STRUCTURE
Merrex Gold Inc. confirms that the 2009 high-resolution airborne magnetic/radiometric spectrometer survey has identified zone 1A to be part of a second distinct 9.4-kilometre parallel substructure twinning the 10.5-kilometre 1B substructure. 1A substructure Within the 1.5-kilometre-wide-by-12-kilometre-long Siribaya megastructure, the high-resolution airborne survey has revealed a second major substructure running parallel to the 1B substructure (see news in Stockwatch on Nov. 19, 2009). The second substructure, which includes zone 1A, identified by prior diamond drilling, is a distinct substructure lying immediately east of and parallel along strike to the 1B substructure. The twin 1A substructure is approximately 500 metres wide and 9.4 kilometres along strike extending north from the region near the Timeta zone through zone 1A to the limit of the permit area. Reflecting characteristics similar to the 1B substructure, the 1A substructure is delineated by magnetic lineaments and crosscut by numerous secondary structures. Prior exploration, including surface soil geochemistry, strong trench data (including 35 metres of 3.1 grams per tonne (g/t) at surface), termite geochemistry stronger than the termite geochemistry at zone 1B, numerous notable RAB drill intercepts, and zone 1A diamond drill intercepts as high as 2.92 g/t over 34 metres and 4.18 g/t over 17 metres, indicates the presence of significant gold mineralization along the length of the 1A substructure. The remainder is available to Stockwatch subscribers.
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